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Year 2017 - a transformational year for NDF

NDF approved its 100th new project during 2017 and now manages an active project portfolio worth more than EUR 300 million.

The fund has engaged in new types of projects that give NDF an increased role. As a prime example is the establishment of the multi-donor Energy and Environment Partnership (EEP) trust fund, which is managed by NDF and became operational in early 2018.

Furthermore the operations have developed in the direction of a wider use of other instruments than grants including increased use of blended finance. In 2017, 29% of NDF's new funding commitments consisted of equity. By becoming one of the owners in the private equity fund responsAbility Renewable Energy Holding (rAREH), NDF introduced a reflow-generating financing instrument.

Thanks to NDF-funded projects that were completed during 2017, more than EUR 150 million was mobilised in co-financing. Among other results, more than 200,000 people now have improved access to clean energy, and more than 115,000 people are now less vulnerable to climate hazards. Approximately 81% of the on-going projects are classified as either highly satisfactory or satisfactory in their performance.

On the more general level, the institutional results show a good alignment of NDF operations with, and focused support to, the Sustainable Development Goals (SDGs). A better compliance of new operations to more strongly support NDF's key strategic priorities, such as innovations of various kinds, private sector development, catalytic impacts, a focus on early phases of project development, and a strong focus on Africa can also be noted.